Word: retailing
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Dates: during 1940-1949
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Manpower. To raise more than 1,000,000 workers and soldiers for war jobs and replacements at the front, Reich Economic Minister Walther Funk issued decrees of total mobilization. Retail tradesmen, restaurants and hotels were required to release every possible man. Theaters, bars, nightclubs and other places of amusement were closed down...
Another trouble: meat price ceilings are in the wrong places and at the wrong levels. All retail meat prices are pegged at the March 1942 level, but livestock prices (exception: hogs) are as free as a steer on the range. Inevitable result: a record wartime demand pushed livestock prices smack against retail meat ceilings, squeezed profit margins so thin many a jobber and packer was temporarily forced out of the market...
...remedies for labor shortages Elder Statesman Hoover called for the import of Mexicans, stopping the draft of farm workers, furloughs for farm-bred soldiers during harvests. Prices must be high enough to encourage production; vaguely, he added, retail ceilings should be abandoned in favor of fixed prices "as near the farm as possible...
...record with 575 buyers pawing for goods regardless of prices. Sixth Avenue manufacturers reported spring dress, suit and coat orders up 40-200%, talked darkly of allocating production to cut down order-padding. One excited OPA economist predicted to the Millinery Merchandising Executives' Association that retail hat sales this year would hit $250,000,000-more than double last year's total...
...Manhattan last week 2,000 retail merchants (members of the National Retail Dry Goods Association) met and faced the one big fact about their business in 1943: customers will have more money in their pockets, but scarcity of merchandise will cut sharply into retail trade. Volume in the fourth quarter is expected to drop as much as 20% under current levels...